Didi’s shares dip below offer price, but not before ride-hailing app granted US$3 billion in pre-IPO options to executives

Source: Tech – South China Morning PostDidi Chuxing granted its senior executives and directors US$3 billion in stock options during the second quarter, just ahead of the company’s US$4.4 billion initial public offering (IPO) in New York last month.Under the company’s equity incentive plan, an unnamed group of executives and directors received 66.7 million share options with a “nominal exercise price” per share, with the bulk of the options going to senior management on an “accelerated and vested fully” basis, the company said in an…Read More

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